When Alin maxed out her last credit card, only 120U was left in her account. Loan reminder texts filled her phone; the night before, she had gambled with 50x leverage on altcoins, with debts of 380,000 like a mountain. Now she earns 500-800U daily, planning to clear all debts in 6 months — not relying on luck, but on the three strategies of 'cutting off toxic sources, building a safety fund, and rolling small orders', each step learned through painful lessons.
First step: cut off the source of toxic funds, don’t let debts explode like leverage.
Alin’s online loan bill includes 6 short-term loans of 'borrow 10,000, repay 15,000', all used to replenish positions. The first step to clearing debt was uninstalling all lending apps in front of her family and shredding her credit card — the first discipline for debtors: never gamble today’s market with tomorrow’s money.
Immediately stop using credit cards, Huabei, and online loans, even if overdue, do not borrow again (the penalties for overdue are slow compared to the speed of leveraged liquidation).
Make a debt list, prioritize paying off 'usury' with interest over 20%, and negotiate installments for the rest (no matter how tight the creditors press, protect your operating capital).
Set 'borrowing to trade' as your phone screensaver, so each time you want to open the lending app, you take a look.
Alin said: 'At the moment I cut off borrowing, although my account only had 120U left, I suddenly felt relaxed — at least I wouldn’t keep losing more.'
Second, the safety fund formula: 20% light leverage + 50% mainstream coins + 30% stablecoins, giving funds a life jacket.
With only 120U left, Alin created a 'survival fund':
24U (20%) using 1-3x leverage, never exceed 9U (30%) per trade — this is 'offensive ammo', but the force must be light.
60U (50%) bought 0.003 BTC, stored in a cold wallet — this is the 'ballast', don’t touch it even in panic.
36U (30%) deposited in USDT for investment, earning 0.36U daily interest — this is 'emergency money', ensuring you won't starve.
She has been liquidated 3 times, all due to high leverage; now with 1-3x leverage, even if she makes a wrong call, a 30% drop would only liquidate her with enough time to stop-loss. The iron rule for debtors: leverage ratio = your psychological tolerance (the more panicked, the lower the ratio).
Third, the small order rolling strategy: 1-3 trades per day, stop after earning 5%, must close within 4 hours.
Alin only focuses on the 15-minute chart of BTC and ETH, trading 1-3 times daily:
Choose to enter during periods with more than 5% volatility (for example, BTC rising from 30,000 to 31,500, wait for enough volatility before acting).
Set stop-loss at 2%, set take-profit at 5%, close positions at those points, even if it seems like it can keep rising.
Stop trading for the day once you earn 5%, also stop if you lose two trades (for example, earning 6U daily from 120U, in 30 days it becomes 180U, little by little).
Her list of taboos is posted on the screen:
Do not trade between 22:00-2:00 (staying up late makes it easy to hold positions, once lost half a month's profit in one night).
Only trade BTC and ETH, don't even look at other coins (the more coins, the more chaotic the mistakes).
Absolutely do not open positions when arguing or unable to sleep (when emotions are unstable, stop-loss will turn into 'wait a bit longer').
After 6 months, Alin repaid the 380,000 in debts with daily small profits of 5%-8%. She said: 'When in debt, the most feared thing is 'urgency'; small orders earn slowly, but won't throw you back into the pit.'
Three life-saving words for debtors.
Debt is like a swamp; the more you struggle, the deeper you sink: don’t think about flipping it all at once; earning 5% daily will yield 12 times in a year, enough to clear debt.
The safety fund is your life jacket: even if there's only 100U left, allocate it as 20-50-30, never go all in again.
The discipline of small orders is more important than opportunities for high profits: in Alin's delivery list, there’s no single trade that gains over 10%, but none lose more than 3%.
Next Monday, I will start the 'Debt Clearance Plan', taking 5 people to simulate trades with small orders, monitoring the entire process from allocation to profit-taking. If you are being chased by debt, follow me @bit多多 — the road to clear debt isn’t hard, the challenge is to first stop the 'self-destructive hand', using stable small orders to gradually fill the pit.
Remember: what saves debtors in the crypto world is never the big market, but the 'earn a little every day, never lose more' foolish discipline. Stick to it, debts can be cleared, money can be earned.